Fuel discount won’t cost government public funds, FG insists
The Federal Government has insisted that the petrol discount by NNPC Retail is not a fuel subsidy and will not be funded with public money. Read More: https://punchng.com/fuel-discount-wont-cost-government-public-funds-fg-insists/
The Nigerian government has clarified that its recent petrol discount, introduced by NNPC Retail Limited, is not a return of the petrol subsidy that was removed in 2023, insisting that no public funds are used in the discount. The discount is funded by the retail company's decision to reduce its profit margin, rather than through federal budget or Federation Account payments. The Minister of Finance, Taiwo Oyedele, addressed this clarification in a statement issued by the Federal Ministry of Finance.
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